Global markets are tense, with stock markets in multiple countries experiencing a sharp decline!

The escalation of the Middle East conflict combined with the Federal Reserve's decision has led to heightened tensions in global markets. Crude oil and gold prices surge, stock markets decline across the board, and the VIX spikes. Investor risk aversion is high, with close attention being paid to geopolitical risks and policy developments, wary of a potential market shock. Controlling positions and increasing holdings in safe-haven assets has become a consensus.
[Trump signs the "Big and Beautiful" Tax and Spending Bill]
On July 5, news reported that U.S. President Trump signed the "Big and Beautiful" tax and spending bill into law on July 4 local time. The U.S. House of Representatives passed the "Big and Beautiful" bill, pushed by President Trump, with a vote of 218 in favor and 214 against on the afternoon of the 3rd. The bill has been controversial due to its impact on federal aid cuts, increased long-term debt, and tax cuts for the wealthy and large corporations. Two Republican congressmen voted against the bill during the vote. The bill was passed by the Senate on the 1st of this month.
On the eve of the July 9 negotiation deadline set by the United States, President Trump intensified his tariff threats, escalating market tensions, which led to a widespread decline in U.S. stock futures and stock markets across multiple European countries.

The Spanish stock index fell by 1.43%, the Euro Stoxx 50 index fell by 0.96%, the Italian FTSE MIB index fell by 0.76%, the French CAC 40 index fell by 0.73%, and the German DAX 30 index fell by 0.42%. In terms of U.S. stock index futures, the Dow futures fell by 0.48%, the Nasdaq 100 index futures fell by 0.62%, and the S&P 500 index futures fell by 0.6%. The U.S. stock and bond markets are closed for the Independence Day holiday on July 4.

European chip stocks have seen a broad decline, with ASML Holding and Soitec falling over 3%, BE Semiconductor Industries, Infineon Technologies, and STMicroelectronics all down over 1%, and ASM International dropping more than 0.9%.

Among other assets, OPEC+ is expected to significantly increase production, leading to a drop in international oil prices. WTI crude oil futures fell by 0.87%, settling at $66.44 per barrel; Brent crude oil futures fell by 0.84%, settling at $68.22 per barrel.
[Reports say the EU failed to make a breakthrough in trade talks with the US]
On July 5, news: Market news: EU negotiators failed to make a breakthrough in trade talks with the U.S., and EU diplomats stated that negotiations will continue through the weekend. EU diplomats revealed that the scale of the EU's second round of countermeasures has been reduced from the initial €95 billion to €72 billion. EU negotiators indicated that if a more comprehensive trade agreement cannot be reached, the EU will seek to extend the tariff suspension period. #Dr.Han入驻Gate广场# #Gate VIP 焕新升级# #Gate广场创作者星火计划#